$1,950,000
For Sale

7460 Canby Avenue

Reseda, CA 91335
7021 sqft | 10 beds | 0.20 acres | #24470475
Listing OfficeRE/MAX One
Browse 6 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

7460 Canby Ave. is an incredible investment property located in the fense rental market of Reseda. Offering 9 units and asking only $1,950,000, this makes it one of the lowest cost of entries of any apartment building. With substantially below market rents and asking under 12 times the gross income, this gives a new buyer tremendous upside potential and immediate cash flow to start. The building consist of large units, 2 two bedroom one bath and 6 one bedroom one bath and 1 Studio. There are nine parking spaces off street for tenants and plenty of street parking. 7460 Canby Ave is perfect for the first time Buyer or for an experienced owner adding to their portfolio. The building is fully occupied, so please do not disturb the tenants.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$1,950,000
      • MLS #24470475
      • MLS #24470475
      • Cost1950000
      • Acres0.1954
      • Square Feet7021
      • Year Built1963
      • Bedrooms10
      • Stories2

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
$
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Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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